Skye Lifestyle
Our penchant for providing convenience to you at all times cannot be overemphasized. Skye lifestyle is a consumer finance product we have carefully crafted towards meting your social, personal and comfort needs.
This product allows you part finance the acquisition of desired assets such as house hold items, cars, homes, shares of quoted companies etc.
Product Features
- Allows customer to provide 20% equity contribution of the value of the asset to be purchased.
- Customer is allowed to build up initial contribution in a call account that attracts call deposit interest rates.
- On completion of the initial amount, a transfer is effected to the loan account.
- All assets must be brand new.
- Available to confirmed staff only.
- Tenor runs from six to thirty-six months.
- There must be insurance (comprehensive) cover for all assets noting Skye Bank as the first loss payee.
- Total exposure of the bank to an applicant ranges between N100,000 and N5million.
- Accredited suppliers/vendors will be listed through which purchases can be made. These vendors will be distributors of genuine items.
- Minimum Qualifying Net Salary will be N150, 000 monthly.
- Monthly repayments must not exceed 331/3% of customer?s net salary.
Features of Skye Lifestyle
- Allows customer to provide 20% equity contribution of the value of the asset to be purchased.
- Customer is allowed to build up initial contribution in a call account that attracts call deposit interest rates.
- On completion of the initial amount, a transfer is effected to the loan account.
- All assets must be brand new.
- Available to confirmed staff only.
- Tenor runs from six to thirty-six months.
- There must be insurance (comprehensive) cover for all assets noting Skye Bank as the first loss payee.
- Total exposure of the bank to an applicant ranges between N100,000 and N5million.
- Accredited suppliers/vendors will be listed through which purchases can be made. These vendors will be distributors of genuine items.
- Minimum Qualifying Net Salary will be N150, 000 monthly.
- Monthly repayments must not exceed 331/3% of customer?s net salary.

